https://www.miningweekly.com

Village H1 revenue, headline earnings decrease

25th February 2015

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

  

Font size: - +

JOHANNESBURG (miningweekly.com) – JSE-listed Village Main Reef on Wednesday reported that its headline earnings per share (HEPS) from continuing operations had decreased by 63% year-on-year to 145.73c for the six months ended  December 31. 

The miner had reported HEPS of 396.22c in the six months to December 2013.

Village’s revenue decreased to R763.15-million in the six months under review, compared with R810.08-million in the prior comparable period, while it posted a net loss of R239.38-million, compared with a net profit of R127.98-million in the six months to December 2013.

Operating profit fell, from R162.16-million in 2013, to R99.63-million in the period under review.

The miner had placed its Consolidated Murchison (Cons Murch) subsidiary in liquidation this month. The company had applied for business rescue for the subsidiary in December, following a failed attempt to sell its Cons Murch shares to Australian miner Stibium Mining, which was unable to obtain financing for the deal.

Last year, it also announced that a number of its mines would be discontinued.

It had ceased operations at its Buffelsfontein gold mine, in the Free State, which during the six months, realised a profit of R19-million.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Virtual Gas Network (Pty) Ltd
Virtual Gas Network (Pty) Ltd

Virtual Gas Network supplies compressed natural gas via a virtual gas distribution network.

VISIT SHOWROOM 
MBE Minerals SA (Pty) Ltd
MBE Minerals SA (Pty) Ltd

Your global lifecycle technology & service partner for materials & minerals processing equipment for coal, iron ore, copper, manganese & other...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.041 0.611s - 111pq - 2rq
Subscribe Now